UK Medical Technology Sector Bioscience and Health technology Sector Statistics 2019

Headlines

4,060 Businesses

£25.6bn Turnover

131,800 Employees

4,450 Sites

Sector Characteristics

64% life science industry businesses

51% life science industry employment

32% life science industry turnover

What is the Medical Technology Sector? Businesses involved in developing and/or producing Med Tech products, from single-use consumables, such as syringes to complex hospital equipment and digital health. Includes supply chain and specialist service sector.

Distribution of Employment Across UK

17% of employment in sector excluding services and supply chain

Global TOP 30

Sector Employment

68% Large Companies

32% SMEs

Sector Turnover

80% Large Companies

20% SMEs

Largest Segments by Employment

1. Digital Health
2. In vitro diagnostics
3. Single Use Technology

Top 3 segments account for 31% of all employment in the core Medical Technology sector

Largest Segments by Turnover

1. In vitro diagnostics
2. Single Use Technology
3. Digital Health

Top 3 segments account for 27% of all turnover in the core Medical Technology sector

Year-On-Year Growth - 2010 to 2019

+11% Employment

+2.5% Turnover

The Core Med Tech sector increased employment by 9,760, and turnover by £0.5bn.

Service and Supply Chain

An essential cluster of specialist suppliers supports the Medical Technology sector in the UK. Does not include non-life science companies.

1,210 businesses

29,000 employees

£5.2bn turnover

22% of sector employment

20% of sector turnover

For More Information https://www.gov.uk/government/collections/bioscience-and-health-technology-database-annual-reports